RIDEGURU
They only lost $667 million but revenues beat earnings estimates. Good job drivers, it's all due to you.
Lyft shares soar 11% on record Q2 revenue, raised guidance!
Posted 4 years, 8 months ago
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Posted By
Sergio Avedian (Uberserge)
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Driver
Ride Apprentice from Los Angeles, CA
Blogger, Podcaster, Active Rideshare Driver/Coach
Active Uber/Lyft driver in Los Angeles, contributing writer for Rideguru and RSG (The Rideshare Guy), podcaster, rideshare driver coach, independent consultant to rideshare and tech companies.
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Comments
Meanwhile didn't uber just lose like billions?! haha
Lyft only lost 667 million in one quarter, Uber lost 5.3 billion
Crazy. More than half a billion lost in a quarter and their stock surges.
At least they didn't lose $5billion.
NFL, not for long, its back under where it was before the earnings. Wall St is a funny place, it's not based on reality, it's based on perception and expectations.
Yeah good point. Nuts.
Then gave it all up and it's about to go negative, Wall Street has a funny way of spinning losses as far as the eye can see.
And that's why the average person should not be buying stocks individually, ever. Too much goes on that the average person doesn't understand. Hell even fund managers can't beat the market consistently.